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Senate Agriculture crypto bill puts $150M behind CFTC oversight – #CryptoUpdatesGNIT
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Senate Agriculture crypto bill puts $150M behind CFTC oversight – #CryptoUpdatesGNIT
Senate Agriculture Committee Chair John Boozman on Jan. 21 released updated text for a crypto market structure bill and set a committee markup for Jan. 27. The draft bill, titled the “Digital Commodity Intermediaries Act,” would give the Commodity Futures Trading Commission (CFTC) a defined framework to supervise parts of the spot crypto market when activity runs through brokers, dealers, exchanges and custodians. The bill is the AC’s attempt to…
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